Maria Gordon, head of the emerging-markets equity team at Goldman Sachs Asset Management, will join PIMCO in October to start a group investing in emerging-market stocks.
Ms. Gordon oversaw about $8 billion in assets for GSAM in London, PIMCO said in a statement. She will eventually run a group of four to six people and remain in London, the person said.
Nik Ekholm, a spokesman for Goldman Sachs in London, confirmed that Ms. Gordon left earlier this month. Her responsibilities were assumed by Richard Flax, a portfolio manager based in London, Mr. Ekholm said.
Ms. Gordon managed the Goldman Sachs Emerging Markets Equity Fund from 2003 until this year. The fund rose at an average annual pace of 8.9% in the five years through Wednesday, compared with 13% for the MSCI Emerging Markets index over the same period, data compiled by Bloomberg show.
PIMCO is venturing into other asset classes under Mohamed El-Erian, CEO and co-chief investment officer. In December, the firm hired former U.S. Treasury official Neel Kashkari as head of new investment initiatives to help direct the expansion, and also hired portfolio managers Anne Gudefin and Charles Lahr from Franklin Resources to run its first actively managed stock mutual fund.